One of the most common questions I get in the Financial Horse community is – is the PIMCO GIS Income Fund a good buy? And I completely understand it. Because at first glance, the numbers seem almost too good to be true. T-bills are at 1.47%. The best 12-month fixed deposit is 1.40%. Even the latest Singapore Savings Bond gives you an average of only 2.14% over 10 years. Meanwhile, the PIMCO GIS Income Fund is paying a 6.5% yield distributed monthly. This is 4 times the T-bill yield, and 3 times the SSB yield. So… is this a mindless purchase? Well, as always, the devil is in the details. In this article, I’ll explain what exactly the PIMCO GIS Income Fund is, how it stacks up against T-bills, SSBs and REITs, and whether it deserves a place in a Singapore investor’s portfolio. Table of Contents…
